Worst is over for A-REITs, says Charter Hall boss

Charter Hall Group
chairman
Kerry Roxburgh
has used the company’s AGM to reassure investors that the worst is over for Australia’s real estate investment trusts.

“The global financial crisis heralded a rough ride for the A-REIT sector. It probably came to an end about 12 months ago," he said. “It seems that for A-REITs, the worst is behind us . . . over the past 12 months, investors seeking higher returns turned to property on a global basis, and Australia is on their radar as a safe haven in an uncertain world."